According to The Kobeissi Letter, a record 246 large US companies have filed for bankruptcy year-to-date in 2025, marking the highest level in 15 years and surpassing both last year's 206 filings and more than doubling 2022's numbers. The surge, with 59 bankruptcies in April alone coinciding with increased tariffs, signals heightened economic stress that may drive institutional and retail investors to seek alternative assets such as Bitcoin and stablecoins for risk diversification. As traditional markets show signs of instability, crypto assets could see increased inflows, heightened volatility, and renewed attention as a hedge against systemic financial risk (source: The Kobeissi Letter, Twitter, May 16, 2025).